Business Review

1975 - 2009

from Federal Reserve Bank of Philadelphia
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The exchange rate: what's in it for prices? pp. 1-9: George Alessandria and Jarcy Zee
Beautiful city pp. 10-17: Gerald A. Carlino
Convertible securities and venture capital finance pp. 18-27: Yaron Leitner
Changes in the use of electronic means of payment: 1995-2007 pp. 29-37: Loretta J. Mester

The peopling of macroeconomics: Microeconomics of aggregate consumer expenditures pp. 1-10: Satyajit Chatterjee
Accounting for cross-country differences in income per capita pp. 11-18: Aubhik Khan
Rethinking the implications of monetary policy: How a transactions role for money transforms the predictions of our leading models pp. 19-28: Julia Thomas

Commitment versus discretion in monetary policy pp. 1-8: Michael Dotsey
The mismeasured personal saving rate is still useful: using real-time data to improve forecasting pp. 9-20: Leonard I. Nakamura
Growing slowly, getting older: demographic trends in the Third District states pp. 21-28: Timothy Schiller

The geography of research and development activity in the U.S pp. 1-11: Kristy Buzard and Gerald A. Carlino
Creative destruction and aggregate productivity growth pp. 12-20: Shigeru Fujita
Ten years after: What are the effects of business method patents in financial services? pp. 21-34: Robert Hunt
Innovation and regulation in financial markets: A summary of the 2007 Philadelphia Fed Policy Forum pp. 35-41: Loretta J. Mester

Why are goods so cheap in some countries? pp. 1-12: George Alessandria and Joseph P. Kaboski
Liquidity crises pp. 13-22: Ronel Elul
The evolution of the world income distribution pp. 23-32: Keith Sill

The economic logic of a fresh start pp. 1-8: Satyajit Chatterjee
The industrial revolution and the democratic transition pp. 9-15: Aubhik Khan
Human capital and higher education: how does our region fare? pp. 16-26: Timothy Schiller
Recent developments in consumer credit and payments pp. 27-33: Mitchell Berlin
Financing community development: Learning from the past, looking to the future pp. 34-50: Loretta J. Mester

Stock prices and business investment: Yaron Leitner
What do we know about Chapter 13 personal bankruptcy filings?: Wenli Li
Do African Americans prefer to live in segregated communities?: Robert DeFina

Dancing with wolves: syndicated loans and the economics of multiple lenders pp. 1-8: Mitchell Berlin
A pattern of regional differences in the effects of monetary policy pp. 9-19: Theodore M. Crone
International trade: why we don’t have more of it pp. 20-27: Edith Ostapik and Kei-Mu Yi
Economic growth and development: perspectives for policy makers pp. 30-39: Loretta J. Mester

What do worker flows tell us about cyclical fluctuations in employment? pp. 1-10: Shigeru Fujita
Collecting consumer debt in America pp. 11-24: Robert Hunt
Gimme shelter! rents have risen, not fallen, since World War II pp. 25-33: Leonard Nakamura

Trade deficits aren’t as bad as you think pp. 1-10: George Alessandria
The great moderation in economic volatility: a view from the states pp. 11-20: Gerald A. Carlino
The macroeconomics of oil shocks pp. 21-31: Keith Sill

The role of segmented markets in monetary policy pp. 1-8: Aubhik Khan
Housing: boom or bubble? pp. 9-18: Timothy Schiller
What will the next export boom look like? some hints from the late 1980s pp. 19-28: Kei-Mu Yi

Consumer confidence surveys: can they help us forecast consumer spending in real time? pp. 1-9: Dean Croushore
A review of inflation targeting in developed countries pp. 10-20: Michael Dotsey
Residential mortgage default pp. 21-30: Ronel Elul
Fiscal imbalance: problems, solutions, and implications pp. 31-39: Loretta J. Mester

Ups and downs: how wages change over the business cycle pp. 1-8: Kevin X.D. Huang
Using collateral to secure loans pp. 9-16: Yaron Leitner
Is technology raising demand for skills, or are skills raising demand for technology? pp. 17-25: Ethan Lewis
Changes in the use of electronic means of payment: 1995-2004 pp. 26-30: Loretta J. Mester

A farewell from President Santomero pp. 1-2: Anthony M. Santomero
Debt maturity: What do economists say? What do CFOs say? pp. 3-10: Mitchell Berlin
What a new set of indexes tells us about state and national business cycles pp. 11-24: Theodore M. Crone
Your house just doubled in value? Don't uncork the champagne just yet! pp. 25-34: Wenli Li and Rui Yao
Recent developments in consumer credit and payments pp. 35-43: anonymous